New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-13
THE PETROLEUM UlRKEL

NEWS FROM THE FIELD AND RANGE OF PRICES.
As was to be expected, the recent improvement in
crude petroleum has stimulated the inquiry for refined OIL
There active business done yesterday in barrel oil
and prices advanced LIS per gallon to 78 cents
Abel test The advance generally known on tho
Produce Exchange regular calls There less activity
In refined In but holders just firm in their
views the barrel department, and showed their ex
pectaton OF spreading OF activity to this branch Of the
trade by ad, ancng prices Is cent Stocks In Europe are
low in the face OF everncreasng consumption and the
situation here, while the drill Is held I'm check, Is well
calculated TO cause foreign trade uneasiness. In
spite much takedof Russian competition neither
the outlook there here is OF character 20 warrant
Europe continuing In the belief has held for two years.
namely that could command Americas superior supplies
az practically Its own figures.
The certificate market yesterday positively buoy
ant But only In the extent Of the advance In prices did
It differ from the gradually hardening markets OF the last
few weeks. Those opposing the rise were principally
who had sold the goods before they were In their
and the rcalLaons from traders who were
satisfied with small accrued profits As bearing on the
moot question OF what the producers and Will
toward restricting the output the continued purchases
outside OF this awakening the fact that for
er ys and se mas Sgh so9s OF medes legislative and
Otherwise, except the right one 1t now sees sharply
peet Of hcsvy inroad Visible supply and other
ommerc1 Conditions ina y tn ITe Of bsDe snd
confidence not resting solely ON the stoppsge 81 inc 9T
until Prices had risen from q ~ "a cents there
any sharp check given to the movement And the re-
action OF / IA cent that followed the sales OF n
onnent railway stock house looked when the
spirited rise "A IL followed The market closed
strong al ton olchcs. Unacc Toned for many
months 20 such display OF strength, many conservative
bulls united the bears In DOUBT over the permsnence
OF such pace Yet the speculation remained unchanged
In and OF the shorts might carry values
past the 75cent point with little ceremony as the mar
ket marched BY the 65-cent hgufe. . -,
The range Of prices total dealings at the Con-
sol Ike change follows:
opening, II highest, "a l2 lowest, al hnal "a IL
sales, barrels. 3,G55,0O0.
Renned oil was strong and active at advance Of Is
cent per gallon 70 @ rs cents, Abel test.
rtrTsnurG Penn Sept l2-Petroleum active and
higher Naena Transit Certificates openel at Tia aad
cIsssi at i4i highest price. 7I's: lowest price II y
Df CRY sept l2.-Cruds Ou-Nstonh transit
Certificates opened at and closed At ~ hiShe,t prc,
7as, lowest price III. sales 23btOoO barrels charters
- barrels. clsarances. 5000, 900 barrels shipments.
1903 O79 barrels runs ..... barrels -. ..,,.-..
nm ,yIIg Pean sept National Transit Certificates
opened closed At 7i'4 highest price, 14| io"
est price II T. .. ..-,---, .-.-.,. c..,ta..,..
BRADFORD Penn sept l2.Nationll Transit Certihcaes
opened at and closed at highest price s i""
est price, 7li.. Clsarances l.t2b.OOO barrels